CM Wealth Advisors LLC acquired a new position in shares of Core Molding Technologies Inc (NYSEAMERICAN:CMT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,785 shares of the industrial products company’s stock, valued at approximately $703,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in CMT. Tieton Capital Management LLC purchased a new position in Core Molding Technologies during the 2nd quarter worth approximately $10,668,000. BlackRock Inc. purchased a new stake in Core Molding Technologies in the second quarter valued at approximately $11,469,000. Deutsche Bank AG purchased a new stake in Core Molding Technologies in the second quarter valued at approximately $193,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Core Molding Technologies in the second quarter valued at approximately $5,090,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Core Molding Technologies during the second quarter worth approximately $59,000. Institutional investors and hedge funds own 58.79% of the company’s stock.
Insider Buying and Selling at Core Molding Technologies
In related news, Director Thomas R. Cellitti sold 2,495 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $24.00, for a total transaction of $59,880.00. Following the completion of the transaction, the director directly owned 93,818 shares of the company’s stock, valued at $2,251,632. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ralph O. Hellmold sold 4,268 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $25.82, for a total transaction of $110,199.76. Following the completion of the sale, the director owned 33,501 shares of the company’s stock, valued at approximately $864,995.82. The trade was a 11.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,168 shares of company stock valued at $352,520 in the last 90 days. Company insiders own 11.20% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Core Molding Technologies
Core Molding Technologies Trading Up 0.1%
Core Molding Technologies stock opened at $26.10 on Thursday. The stock has a 50 day moving average of $24.27 and a two-hundred day moving average of $23.09. Core Molding Technologies Inc has a twelve month low of $16.60 and a twelve month high of $28.69. The stock has a market capitalization of $230.99 million, a price-to-earnings ratio of 30.35 and a beta of 0.44.
Core Molding Technologies (NYSEAMERICAN:CMT – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.21 by $0.18. Core Molding Technologies had a return on equity of 4.64% and a net margin of 2.89%.The business had revenue of $62.73 million during the quarter, compared to analysts’ expectations of $60.05 million. Equities analysts predict that Core Molding Technologies Inc will post 1.04 earnings per share for the current year.
Core Molding Technologies Company Profile
Core Molding Technologies is a publicly traded manufacturer specializing in engineered composite and polymer solutions for a wide array of industrial applications. The company’s core business includes the design, tooling and high-volume production of fiberglass-reinforced plastics, advanced polyurethane systems, structural composites and specialty coatings. Its products find use in commercial vehicles, off-highway equipment, defense, power sports, recreation and industrial markets.
Core Molding offers end-to-end services ranging from digital design and prototyping to mold fabrication, process development and full-scale manufacturing.
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